Day: June 2, 2016

DLO’S Tax Newsletter Issue 65 May 2016   Tax Law Update Corporate Income Tax Exemption for Target Industry Business in SMEs Royal Decree (No.602) B.E. 2559 has stipulated that corporate income tax for a juristic person that has income from the sale of goods and services from a Target Industry shall be exempt from such tax for five accounting periods subject to the following conditions: The legal entity must be registered as a juristic person from October 1st 2015 through until December 31st 2016; The juristic person must have paid-up capital not exceeding 5,000,000 Baht and have income from the sale of goods and services not exceeding 30,000,000 Baht in an accounting period; The juristic person must have income from a Target Industry which is not less than 80% of the total income in an accounting period; SMEs that perform […]